The present technology relates to a reproduction device, a reproduction method, and a program which are capable of transferring information about a color gamut and a dynamic range of luminance of a content recorded in a recording medium to a display device.A reproduction device of the present technology includes: a readout unit configured to read out, from a recording medium recording a content, a file of a video stream and a file of reproduction management information used for reproducing the video stream and including monitor information indicating at least one of a color gamut and a dynamic range of luminance of a master monitor used for authoring the video stream; a decoding unit configured to decode the video stream; and an output unit configured to control an output of video data obtained by decoding the video stream and the monitor information included in the reproduction management information to a display device, depending on a performance of the display device to which the content is output. The present technology can be applied to a player that reproduces a content.